Thursday 19 October 2017

Alan McQuaid: Positive surprises may come from domestic economy as recovery continues

RECENT economic data from the Central Statistics Office show that Ireland was one of the best performing countries in the Eurozone last year, continuing a gradual recovery from its financial crisis, though activity tailed off in the second half of 2012 as merchandise exports stalled.

The average increase in GDP last year of 0.9pc in real terms equalled Germany’s performance and was only beaten within Euroland by Slovakia and Estonia.

Accordingly, the numbers will do little to alter the perception that Ireland has made much greater strides that the other “peripheral” Eurozone economies, all of which contracted last year.

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